Safetyn disclosed an earnings forecast, expecting a net loss attributable to the parent of 23.2 million to 34.8 million yuan in the first half of 2026, compared with a profit of 3.0829 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 25 million to 36.6 million yuan, versus a profit of 1.7925 million yuan a year earlier. The company is mainly engaged in the production and sale of steel wire ropes and rigging accessories, photovoltaic cells, and provides architectural design and EPC management services. The decline in performance this period is primarily due to pressure on two major segments. The elevator steel wire rope market has been affected by downstream price declines in the industry chain and geopolitical conflicts impacting raw material costs, leading to lower product selling prices year-on-year and compressed gross margins, resulting in a loss for the segment. The photovoltaic industry continues to face supply-demand imbalances, and factors such as production halts during the Spring Festival, production line upgrades, industry overcapacity, and persistent price declines have caused the photovoltaic business performance to fall year-on-year.
Jiangsu Safety Wire RopeCompany forecasts net loss of 23.2-34.8 million yuan for H1 2026, vs profit of 3.08 million yuan a year ago.